An Act for the Establishment of a Savings’ Bank in Newfoundland. ( 12th June,1834.)

  • Province
    Newfoundland (1833-1867)
  • Chapter
    4 William IV Chapter 10 (Session 1)
  • Year
    1834
  • Concepts
    Financial Regulation
  • Jurisdictional Relevance
    Provincial/Provinciale
  • Number of Articles
    9
  • Description
    This act establishes the Newfoundland Savings Bank, which would be open to both the general public and business entities in order to encourage investment. Members of the governing council of the province run the bank, with all monies deposited into the bank kept in the public treasury. Maximum interest is set at three per cent.
  • Source
    Not available